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Oklahoma business briefs for July 2, 2013

Turkish steel pipe maker chooses Texas over Oklahoma for new plant.
Published: July 2, 2013
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OKLAHOMA BRIEFS

Steel pipe maker chooses Texas

One of the world's largest steel pipe makers has chosen to build its first U.S. plant in Texas, rather than Oklahoma. A spokesman for Borusan MannesMann confirmed in an email to The Oklahoman on Monday that it is building its U.S. plant in Baytown, Texas. Construction began in April. The Turkish company had announced at the first of the year it was considering locations in Oklahoma and Texas for a $150 million plant that could produce 300,000 tons of pipe each year.

Pork council gets new offices

The Oklahoma Pork Council will move into new offices this fall. The council — which promotes pork and pork products — is moving into the Oklahoma Blood Institute building at 901 N Lincoln. It plans to occupy the 3,600-square-foot space in September, leaving behind its current office at One North Hudson. The new lease was handled by Rick Pritchett with Precor Ruffin and Julie Kriegel with Wiggin Properties.

Magellan closes on acquisition

Magellan Midstream Partners LP on Monday announced it had closed on its acquisition of pipeline assets in Texas and New Mexico from Plains All American Pipeline LP. The remainder of the $190 million deal still is pending, subject to regulatory approval. Magellan now owns about 250 miles of common carrier pipeline that transports refined petroleum products to Albuquerque, N.M., and the U.S.-Mexico border for delivery within Mexico. “This pipeline system serves as a natural extension of our existing refined products pipeline system, with current connections in the El Paso market,” CEO Michael Mears said. “With this newly-acquired pipeline system, Magellan is able to provide options for customers in Albuquerque and central New Mexico to access refined products from West Texas, Gulf Coast and Mid-Continent refiners.”

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